Zhongzhi Pharmaceutical Holdings Limited Stock Forecast
Zhongzhi Pharmaceutical Holdings Limited stock price ended at HK$1.18 on Friday, after losing 1.67%.
(Updated on May 17, 2024)
The Zhongzhi Pharmaceutical Holdings Limited stock price fell by -1.67% on the last day (Friday, 17th May 2024) from HK$1.20 to HK$1.18. During the last trading day the stock fluctuated 3.45% from a day low at HK$1.16 to a day high of HK$1.20. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 38 thousand shares were bought and sold for approximately HK$44.84 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.26% during the next 3 months and, with a 90% probability hold a price between HK$0.90 and HK$1.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3737.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 2.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zhongzhi Pharmaceutical Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$1.19 and HK$1.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Zhongzhi Pharmaceutical Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Zhongzhi Pharmaceutical Holdings Limited stock
Zhongzhi Pharmaceutical Holdings Limited finds support from accumulated volume at HK$1.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0400 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: HK$1.12 (-4.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (3737.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Zhongzhi Pharmaceutical Holdings Limited to open at HK$1.18, and during the day (based on 14 day Average True Range), to move between HK$1.15 and HK$1.21, which gives a possible trading interval of +/-HK$0.0345 (+/-2.93%) up or down from last closing price. If Zhongzhi Pharmaceutical Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$1.19 (0.85%) than the support at HK$1.17 (0.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zhongzhi Pharmaceutical Holdings Limited stock A Buy?
Zhongzhi Pharmaceutical Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.837 Hold/Accumulate Unchanged
Predicted Opening Price for Zhongzhi Pharmaceutical Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$1.18 ( 0%) | HK$1.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3737.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.22 | 3.39 % | |
| R2 | 1.20 | 2.09 % | ||
| R1 | 1.20 | 1.29 % | ||
| Current price: | 1.18 | |||
| Support | S1 | 1.16 | -1.29 % | |
| S2 | 1.16 | -2.09 % | ||
| S3 | 1.14 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.22 | 3.39 % | |
| R2 | 1.20 | 1.69 % | ||
| R1 | 1.19 | 0.85 % | ||
| Current price | 1.18 | |||
| Support | S1 | 1.17 | -0.85% | |
| S2 | 1.16 | -1.69% | ||
| S3 | 1.15 | -2.54% |
3737 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 13, 2024 | HK$0.0300 | 2.54% |
| 2 | May 23, 2023 | May 23, 2023 | May 23, 2023 | HK$0.0300 | 3.16% |
| 3 | Oct 15, 2020 | Oct 15, 2020 | Oct 15, 2020 | HK$0.0515 | 3.16% |
| 4 | Mar 25, 2020 | May 21, 2020 | Jun 10, 2020 | HK$0.0145 | 1.22% |
| 5 | Aug 28, 2019 | Oct 15, 2019 | Nov 01, 2019 | HK$0.0145 | 1.07% |
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